www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

New board takes control of Shandong Shanshui after prolonged battle

(Xinhua) Updated: 2016-02-02 13:21

JINAN - A new board of directors has taken control of the Shandong Shanshui Cement Group Co, Ltd headquarters in Jinan, capital of Shandong province, following a prolonged power struggle, sources told Xinhua.

The boardroom battle began in December when Shandong Shansui's parent company and main operating entity, Hong Kong-listed China Shanshui Cement Group Limited, sacked former chairman Zhang Bin and several others associated with him to install a new board of directors.

Zhang and others sacked from China Shanshui's board were also members on the board of Shandong Shanshui, one of the largest cement producers in the country.

In a disclosure to the Hong Kong stock exchange on Dec 3, 2015, the newly appointed board of China Shanshui tried to appoint new directors and change the articles of association for the Shandong Shansui board.

But Shandong Shanshui, then still led by Zhang and the original board members, said the Dec 3 decision was ineffective because the Rules for the Implementation of the Law on Foreign-Capital Enterprises require such changes be approved by the government, which had not been the case for China Shanshui's decision.

The new board then accused the old board of retaining corporate seals that are required to acquire such an approval. Seals or chops are commonly required for verification in China's legal documents.

More than 1,000 employees from Shandong Shanshui gathered peacefully at the headquarters last Tuesday asking the old board to cede control of the seals and the headquarters.

On Saturday, the old board of directors capitulated and ceded control, according to a statement filed to the Hong Kong stock exchange on Monday.

"With the assistance of the local Jinan police, the company smoothly took over the headquarters and an additional 3 factories of Shandong Shanshui on January 30, 2016," the statement said.

Prolonged boardroom battle

Shandong Shanshui was state-owned before reorganizing into a public company listed in Hong Kong. After its initial listing, the board was led by chairman Zhang Caikui, who later transferred the chairmanship to his son Zhang Bin.

The two, along with several other members loyal to them, led the cement company until Tianrui Group, another cement producer based in Henan Province and also listed in Hong Kong, bought stakes in China Shanshui and became the single largest shareholder in 2015.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产欧美精品一区二区三区 | 国产成人久久精品麻豆二区 | 韩国a级毛片 | 日本视频在线免费看 | 成人a毛片在线看免费全部播放 | 黄色片日本人 | 欧美一级毛片免费观看视频 | 日韩欧美国产一区二区三区 | 亚洲精品成人7777在线观看 | 欧美成人免费tv在线播放 | www.乱| 99精品久久久久久久 | 国产精品久久久香蕉 | 亚洲国产成人va在线观看网址 | 久久er热这里只有精品免费 | 欧美成人观看 | 国产成人精品s8p视频 | 国产欧美成人一区二区三区 | 国产精品毛片一区二区三区 | 日韩特级片 | 亚洲综合网在线观看 | 亚洲一区免费 | 欧美成人高清免费大片观看 | 成年人网站在线 | 狠狠色丁香婷婷久久综合不卡 | 免费萌白酱国产一区二区三区 | 欧美黄色网络 | 男人天堂欧美 | 日本免费一区尤物 | 欧美日韩在线视频播放 | 国产欧美日韩在线不卡第一页 | 岛国午夜精品视频在线观看 | 美女黄色毛片免费看 | 久草手机在线观看 | 亚洲3级| 欧美精品xxxⅹ欧美 欧美精品不卡 | 国产精品亚洲一区二区在线观看 | 亚洲日本久久一区二区va | 日韩欧美中文字幕在线观看 | 日本一级特黄啪啪片 | 欧美一级毛片无遮无挡 |